HR 8093 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that certain short-term gains from the sale of houses will be taxed at a rate of 75 percent.

Introduced 1977-06-29· Sponsored by Rep. Patterson, Jerry M. [D-CA-38]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-06-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose a 75 percent tax rate on short-term capital gains from the sale of new houses acquired by the vendor for rental or as an investment.…

Summarized by Claude AI · Non-partisan · For informational purposes only